An ag economist says livestock producers could see some relief in 2024.
In its latest report, the USDA lowered its current year price for corn by a nickel and lowered soybean meal price by around $10 per ton. University of Missouri’s Scott Brown says, “$4.80 corn and $380.00 a ton soybean meal. Those are moving in the right direction.”
He tells Brownfield producers will need to watch what’s happening with the crops in South America.
